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Advanced TA SearchArchive
- 4/5/2024 -
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Atmos Energy Corp (ATO) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Atmos Energy Corp (ATO). During the week, the ATO dropped -2.64 points, or -2.22%, and closed at 116.23 on Friday, April 5, 2024. It was the worst weekly loss since January 19, 2024. Weekly volume was -28% below average.
 Long-term trend: [See ATO long-term trend chart]
A long-term uptrend had started on October 3, 2023 at 101.00 and reached 119.36 on April 1, 2024. ATO gained -18.36 points, or -18.18%, in 25 weeks. The price is now at the 17.05% retracement level.
 Medium-term trend: [See ATO medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 110.46 and reached 119.36 on April 1, 2024. ATO gained -8.90 points, or -8.06%, in 6 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 115.49 and resistance is at 119.99. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See ATO weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since March 1, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See ATO short-term trend chart]
A short-term downtrend had started on April 1, 2024 at 119.36 and reached 115.01 on April 5, 2024. ATO lost 4.35 points, or 3.64%, in 4 days. The price is now at the 28.05% retracement level.
Daily Technical Indicators: [See ATO daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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